RE: News29 Aug 2025 10:49
Still looking through Esd:
Reminded myself of some parts relating to the July 24 meeting:
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The previously unreported July 24 meeting was led by Peter Navarro, President Donald Trump's trade advisor, and David Copley, a National Security Council official tasked with supply chain strategy. It included ten rare earths companies plus tech giants Apple, Microsoft and Corning, which all rely on consistent supply of critical minerals to make electronics, the sources said.
Navarro and Copley told the meeting that a floor price for rare earths extended to MP Materials earlier this month as part of a multibillion-dollar investment by the Pentagon was "not a one-off" and that similar deals were also in the works, the sources said.
"Our goal is to build out our supply chains from mines to end use products across the entire critical mineral spectrum, and the companies assembled at the meeting have the potential to play important roles in this effort," Navarro said.
Beyond the price floor, Navarro and Copley advised attendees to avail themselves of existing government financial support, including billions of dollars worth of incentives in Trump's tax and spending bill approved on July 4, the sources said.